Commercial Papers News
Breather for MFs: SEBI eases compliance norms for investment in unlisted NCDs; move aimed at increasing transparency
Mutual funds were required to comply with the highest investment limit of 15 percent and 10 percent in unlisted NCDs by 31 March and 30 June, respectively
Indiabulls Housing Finance shares surge 6% on Crisil ratings, stock gains 5.44% at Rs 182.30 on BSE
Crisil noted that IBHFL continues to maintain strong liquidity with cash and cash equivalents at around 20% of total assets as of 10 October 2019
DHFL shares fall over 5% after company reports default on Rs 1,571-cr bond repayments
Shares of DHFL on Tuesday fell over 5 percent after the company said it has defaulted on financial repayment obligations of Rs 1,571 crore with regard to the issuance of bonds and commercial papers
DHFL resolution plan: Lenders want Kapil Wadhawan to step down as chairman and managing director of cash-strapped firm
The promoter would also be required to pledge a part of their remaining stake to lenders. Promoter group holding in DHFL is 39.21 percent
Cox & Kings defaults on Rs 174-cr commercial papers; second instance in four week's time
On 1 July, Cox & Kings had said in a filing that company's working capital situation was stretched in the last few months,
Cox & Kings defaults on repayments on commercial papers fourth time in three weeks; shares at record low
The first Cox & Kings default on commercial papers worth Rs 150 crore was declared on 27 June 2019, a day after the date of actual default
ICRA's re-rating of commercial papers not merit-based and unwarranted: DHFL
Dewan Housing Finance Corporation Ltd (DHFL) on Wednesday expressed concerns over ICRA's re-rating of its commercial papers (CPs) citing it is not merit-based and is unwarranted
Retirement funds investing in IL&FS: IBC order of priority can’t be blamed for funds' folly and greed
In the light of the IL&FS fiasco, employees must also be asked to give their consent to bonds and commercial papers.
Top 50 NBFCs need Rs 70,000-cr in November to redeem commercial papers: Crisil report
Commercial paper or CPs are short-term debt with one to three months maturity.
IL&FS crisis: Eight charts present financials, other details of cash-strapped infrastructure conglomerate
The IL&FS has come under the scanner of multiple regulators, including SEBI, for alleged defaults related to financial disclosures and corporate governance.
Root cause of NPAs is mega PSB loans: With funds distributed in dollops, reforms to sanctions will bode well for the sector
Bank loans are not meant for big ticket borrowers and the government should shut the PSB doors to loans to big industrial houses.